Guideline Value for Mukkiyamman Koil II ndlane

Mukkiyamman Koil II ndlane guideline value

The current guideline value of Mukkiyamman Koil II ndlane is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Mukkiyamman Koil II ndlane has changed

In the 2012 revision, the guideline value was Rs 2,300 per sq.ft. This figure then decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,300 per sq.ft, reflecting a rise of 49%. The current revision in 2024 shows a further increase to Rs 2,500 per sq.ft, which is a 9% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chindadripet

Chindadripet village has 98 streets under the Periamet SRO carrying a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Mukkiyamman Koil II ndlane is below this median.

• Mukkiyamman Koil street: Rs 3,800 per sq.ft (2024)
• Mukkyyamman koil 1st lane: Rs 3,300 per sq.ft (2024)
• Murthy street: Rs 4,400 per sq.ft (2024)
• Nagamani Mudali street: Rs 3,300 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Coovam River Side: Rs 2,500 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Fire Proof House: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mukkiyamman Koil II ndlane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, leading to a total of Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mukkiyamman Koil II ndlane?

The Mukkiyamman Koil II ndlane is covered by the Periamet Sub Registrar Office located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Chindadripet

The guideline value is a critical factor during property registration in Chindadripet. It determines the minimum value at which a property can be registered and is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the property's worth according to government assessments. This value is used by the registration office to facilitate the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Mukkiyamman Koil II ndlane?

The current guideline value of Mukkiyamman Koil II ndlane is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024.

What is the land classification for Mukkiyamman Koil II ndlane?

Mukkiyamman Koil II ndlane is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000, and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office handles registrations for Mukkiyamman Koil II ndlane?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles registrations for Mukkiyamman Koil II ndlane.